Benjamin Edwards Inc. Sells 5,026 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Benjamin Edwards Inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 114,837 shares of the company’s stock after selling 5,026 shares during the quarter. Benjamin Edwards Inc.’s holdings in PepsiCo were worth $17,468,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BLI Banque de Luxembourg Investments bought a new position in PepsiCo during the 4th quarter worth approximately $73,849,000. BNP Paribas boosted its position in shares of PepsiCo by 3.0% during the fourth quarter. BNP Paribas now owns 52,441 shares of the company’s stock worth $7,962,000 after purchasing an additional 1,535 shares in the last quarter. Alteri Wealth LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $832,000. AmeriServ Wealth Advisors bought a new stake in shares of PepsiCo in the 4th quarter valued at $493,000. Finally, Accredited Wealth Management LLC acquired a new stake in PepsiCo during the 4th quarter worth $223,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $133.75 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company’s fifty day simple moving average is $145.94 and its 200 day simple moving average is $152.38. PepsiCo, Inc. has a 1-year low of $131.52 and a 1-year high of $183.41. The company has a market cap of $183.38 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.05%. PepsiCo’s dividend payout ratio (DPR) is presently 79.71%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PEP shares. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Piper Sandler began coverage on shares of PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Finally, TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $160.69.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.